Income Statement
as of December 31, 2008	GAAP	Tax
Revenue	5,641,258	5,548,735
COGS	3,254,789	3,254,789
Gross Margin	2,386,469	2,293,946
Operating Expenses	1,744,658	1,865,472
Net Profit b4 Taxes	641,811	428,474
Income Tax Expense	145,681
Net Profit	496,130
Corrections are needing to be made based on the following information:
A $23,000 dollar 12-month insurance policy was purchased on 9/1/2008 and was expensed on both GAAP
and TAX accounting books
A computer server was purchased on 11/1/2008 for $2,300 and was expensed instead of capitalized. The depreciation
method for GAAP will be 5 years with a $500 salvage value using sum-of-the-years-digits method of depreciation and
the tax method for TAX will be 5 years, no salvage using 200% MACRS half-year convention
After all the corrections have been made, what will be the adjusted 2008 net income for tax?
(round to the nearest dollar)